Home prices
The median home value in Pennington Gap is $82,600. In comparison to the surrounding areas this is about $15,040 (15%) lower.In comparison to the entire nation it is roughly $134,900 (62%) lower, and in comparison to the city of Knoxville is roughly $53,700 (39%) lower.
Rents
Pennington Gap's median monthly rent is $547. This is approximately $16 (2%) lower compared to other places in this area.It is approximately $515 (48%) lower in comparison to the United States as a whole, and it is roughly $298 (35%) lower in comparison to the city of Knoxville.
Nearby places
Dryden
Dryden is approximately 4 miles east from Pennington Gap. Housing prices there are a bit more expensive. The median home price in Dryden is $87,900, which comes out to $5,300 (6%) higher than Pennington Gap. The rent there is a little more expensive. Dryden's median monthly rent is $627, which comes out to $80 (12%) higher than Pennington Gap.
Jonesville
Jonesville is roughly 6 miles southwest of Pennington Gap. The real estate prices there are somewhat more expensive. The median home price in Jonesville is $103,100, which comes out to $20,500 (19%) higher than Pennington Gap. The rent there is a lot less expensive. The median rent in Jonesville is $389 a month, which comes out to $158 (40%) lower than Pennington Gap.
Evarts
Evarts is about 10 miles northwest of Pennington Gap. Its housing prices are significantly less expensive. The median home cost in Evarts is $61,100, which is $21,500 (35%) lower than Pennington Gap. Rents there are fairly similar. In Evarts the median monthly rent is $523, which is $24 (4%) lower than Pennington Gap.
Duffield
Duffield is about 11 miles east of Pennington Gap. Its housing prices are a little more expensive. The median home cost in Duffield is $110,000, which works out to $27,400 (24%) higher than Pennington Gap. The rent there is somewhat more expensive. In Duffield the median rent is $584 per month, which is $37 (6%) higher than Pennington Gap.
Big Stone Gap
Big Stone Gap is approximately 14 miles northeast of Pennington Gap. Real estate prices there are substantially more expensive. The median home in Big Stone Gap costs $126,100, which works out to $43,500 (34%) higher than Pennington Gap. Rents there are a bit more expensive. Big Stone Gap's median monthly rent is $690, which comes out to $143 (20%) higher than Pennington Gap.
